In the last trading session, 5.05 million shares of the B2Gold Corp. (AMEX:BTG) were traded. Most recently the company’s share price was $3.90, and it changed around $0.02 or 0.52% from the last close, which brings the market valuation of the company to $5.05B. BTG currently trades at a discount to its 52-week high of $4.40, offering almost -12.82% off that amount. The share price’s 52-week low was $2.81, which indicates that the current value has risen by an impressive 27.95% since then. We note from B2Gold Corp.’s average daily trading volume that its 10-day average is 5.84 million shares, with the 3-month average coming to 9.27 million.
B2Gold Corp. stock received a consensus recommendation rating of a Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended BTG as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. B2Gold Corp. is expected to report earnings per share of $0.06 for the current quarter.
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B2Gold Corp. (AMEX:BTG) trade information
Instantly BTG has showed a green trend with a performance of 0.52% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.06 on Tuesday, 05/23/23 increased the stock’s daily price by 3.94%. The company’s shares are currently up 9.24% year-to-date, but still down -3.70% over the last five days. On the other hand, B2Gold Corp. (AMEX:BTG) is -5.57% down in the 30-day period. We can see from the shorts that 9.3 million shares have been sold at a short interest cover period of 0.98 day(s).
The consensus price target as assigned by Wall Street analysts is $5.64, which translates to bulls needing to increase their stock price by 30.85% from its current value. Analyst projections state that BTG is forecast to be at a low of $4.25 and a high of $7.11. In order for the stock price to hit the forecast high, the stock would need to plunge -82.31% from its current level, while the stock would need to crash -8.97% from its current level to reach the projected low.
B2Gold Corp. (BTG) estimates and forecasts
B2Gold Corp. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 15.04 percent over the past six months and at a 36.00% annual growth rate that is well above the industry average of 21.90%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 50.00% in revenue this quarter, and will report an increase of 133.30% in the next quarter. The year-over-year growth rate is expected to be 11.30%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $475 million in revenue for the current quarter. 1 analysts expect B2Gold Corp. to make $506.94 million in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $381.99 million and $392.55 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 24.40%. Forecasts for the next quarter put sales growth at 29.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 13.49%. B2Gold Corp. earnings are expected to increase by 24.00% in 2023, but the outlook is positive 20.00% per year for the next five years.
B2Gold Corp.’s next quarterly earnings report is expected to be released around August 01 and August 07.
B2Gold Corp. (AMEX:BTG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.90% of B2Gold Corp. shares, and 57.96% of them are in the hands of institutional investors. The stock currently has a share float of 58.49%. B2Gold Corp. stock is held by 398 institutions, with Van Eck Associates Corporation being the largest institutional investor. By Mar 30, 2023, it held 9.27% of the shares, which is about 120.02 million shares worth $472.87 million.
FMR, LLC, with 6.80% or 88.04 million shares worth $346.89 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
VanEck ETF Trust-VanEck Gold Miners ETF and Fidelity Contrafund Inc were the top two Mutual Funds as of Mar 30, 2023. The former held 62.94 million shares worth $248.0 million, making up 4.87% of all outstanding shares. On the other hand, Fidelity Contrafund Inc held roughly 42.98 million shares worth around $145.72 million, which represents about 3.33% of the total shares outstanding.